Ingalls & Snyder LLC Has $1.01 Million Stake in TC Energy Co. (NYSE:TRP)

Ingalls & Snyder LLC boosted its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,665 shares of the pipeline company’s stock after acquiring an additional 10,425 shares during the quarter. Ingalls & Snyder LLC’s holdings in TC Energy were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fortitude Family Office LLC bought a new stake in shares of TC Energy in the 3rd quarter worth about $28,000. Blue Trust Inc. grew its holdings in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares during the last quarter. Versant Capital Management Inc acquired a new stake in TC Energy in the 4th quarter valued at about $33,000. Point72 DIFC Ltd bought a new stake in shares of TC Energy during the third quarter valued at approximately $39,000. Finally, UMB Bank n.a. acquired a new stake in shares of TC Energy in the fourth quarter valued at approximately $47,000. 83.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRP has been the topic of several research reports. BMO Capital Markets upped their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. StockNews.com assumed coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.00.

TC Energy Price Performance

Shares of TRP opened at $47.38 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock has a market cap of $49.23 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The stock’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $46.48. TC Energy Co. has a 1 year low of $31.83 and a 1 year high of $50.37.

TC Energy Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.